Friday, April 10, 2009

Survey Says Owners Still Overvalue Homes | RISMedia

RISMEDIA, April 7, 2009-(MCT)-Many home sellers are still out of touch with the changing housing market, a new survey shows.

Almost half of homeowners think their houses should be priced 10% to 20% higher than their sales agents have recommended, according to a nationwide survey by California-based HomeGain.

No wonder fewer than 20% of agents nationwide are reporting that home buyers are telling them that homes on the market are priced fairly.

Almost 60% of agents say potential buyers are telling them that home asking prices are too high, HomeGain found.

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